Tokyo Stock Exchange emerges as global frontrunner for Saudi's Aramco IPO
Saudi Arabian Oil Co., the world's largest oil firm, is considering conducting its initial public offering in two stages, with the Tokyo Stock Exchange emerging as the international frontrunner, The Wall Street Journal reported Thursday in its online edition. The state oil giant, known as ...
Hong Kong faces losses as Chinese firms reconsider IPOs in the city
Several Chinese companies are rethinking fundraising plans in Hong Kong as anti-government protests rock the city — an ominous sign for its future as a financial gateway between Asia's largest economy and the rest of the world. One company scrapped preliminary preparations for a $500 ...
Toshiba Memory to postpone IPO to next year due to low chip demand amid trade disputes
Toshiba Memory Holdings Corp. is set to postpone its initial public offering to early next year, dropping its original target of the end of this year, due to poor earnings amid sagging demand for semiconductors, sources said Thursday. The world's second-largest producer of flash memory ...
Uber hits fresh headwinds as shares extend losses after disappointing debut
Uber shares went into a fresh skid Monday — more bad news for the global ride-hailing giant, which endured steep declines in its hotly anticipated market debut last week. Shares in Uber tumbled 10.75 percent to close at $37.10 on the second day of trade ...
Days after announcing tripling of profits, SoftBank market value slides $9 billion as Uber IPO flops
Last Thursday, as his company booked a $3.8 billion gain from its stake in Uber Technologies Inc., Masayoshi Son told SoftBank Group Corp. investors that their time had finally come. Instead, they're still waiting. The day after Son's earnings presentation, SoftBank slid 5.4 percent and ...
All eyes on Uber's second day of trading after debut flop amid Trump trade war and Lyft's drag
Uber's bruised investors have had the weekend to prep for what looks like a rough Monday for markets, partly because the escalation of President Donald Trump's tariff spat with China is set to hammer sentiment. Shares of Uber Technologies Inc. resume trading Monday 7.6 percent ...
Weak Uber market debut augurs poorly for other Silicon Valley unicorns
Uber Technologies Inc.'s conservative initial public offering could not keep its shares from sinking in their trading debut on Friday, fueling debate on Wall Street over whether the outcome of the most anticipated listing since Facebook would weigh on other Silicon Valley unicorns. Uber considered ...
SoftBank said to be considering IPO for $100 billion Vision Fund
If pursued, an IPO would give investors in the fund a way to cash out part or all of their stakes.
SoftBank, Toyota and Denso invest $1 billion to pump up Uber's self-driving unit ahead of IPO
The bet by the three-way Japanese consortium gives Advanced Technologies Group a valuation of $7.25 billion on the eve of its public offering.
On heels of Lyft's lackluster IPO, Uber files documents for U.S. public share offering
Uber filed documents Thursday for its much-anticipated public share offering expected to be the largest in the tech sector in years, and a bellwether for other venture-backed start-ups eying Wall Street listing. The filing with the Securities and Exchange Commission contained no specific pricing or ...
Toshiba Memory to draw ¥1.3 trillion in bank loans before going public
Toshiba Memory Holdings Corp. is set to draw a total of ¥1.3 trillion ($11.7 billion) in loans from four Japanese banks, sources familiar with the situation said late on Wednesday. With the additional funds, the former chip unit of Toshiba Corp. will step up preparations ...
Volkswagen AG canceled plans to sell a share of its Traton SE division due to weak market conditions, dealing a setback to the automaker's plan to generate fresh funds for the heavy-truck unit's expansion outside Europe. "We regret that we have to refrain from a ...
